Units of BHG Retail REIT finished the trading day about 11% lower on 4 June after COVID-19 halted its expansion plans.
BHG Retail REIT is a Singapore-listed, but China-focused retail REIT with a portfolio of six properties across the mainland.
In 2019, the REIT announced plans to acquire the Badaling Outlets in Beijing for SGD575 million.
The acquisition was to be partly funded by the REIT via an equity fund-raising exercise.
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